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13884262
13883735

10310 Couloak Dr, Charlotte, NC 28216

SR
Tech Realty LLC
Listed by Tech Realty LLC
$630,000
919 days on market
Updated 40 days ago

10310 Couloak Dr, Suit 400

Details
Property Type Hospitality, Mixed Use (+2)
Sub Type Medical Office, Traditional Office (+1)
Square Footage 2,978
Net Rentable (SqFt) 2,978
Units 2
Cap Rate 3.81%
NOI $24,000
Occupancy 50%
Tenancy Multi
Lease Type Modified
Lease Term 3.1
Lease Expiration 09/30/2028
Remaining Term 2.3
Pro-Forma Cap Rate 8.25%
Pro-Forma NOI $52,000
Price per SqFt $212
Broker Co-Op Yes
Class B
Year Built 2005
Year Renovated 2017
Buildings 1
Stories 1
Zoning Office
Parking Spaces 3 per 1,000 sq ft
Investment Type Value Add
Lease Commencement 09/01/2025
Ground Lease No
Ceiling Height 9
Sale Condition For sale by owner

2,978 SF office condo located just minutes from I-485 • Suite 400

Marketing description

• Two-story, 2,978 SF office condo located just

minutes from I-485

• Suite 400 features a reception area, 1 conference

room, 1 break room, 1 executive office, 3 offices,

and an open work area

• A variety of dining, banking,

and retail options near by

• Parking Ratio: 3.00/1,00 SF

Investment highlights

$211 per sq. ft. (Estimated Value)

This is a Value-add deal, with strong upside of 8.5%+ cap rate once stabilized.

Low current cap rate due to 50% occupancy.

About This Office Space

This property, located at 10310 Couloak Dr, Charlotte, NC 28216, is currently valued at approximately $630,000, which comes out to about $211 per square foot. Of the two units, one is presently leased while the other remains vacant. This setup makes it an excellent opportunity for a business owner to occupy part of the space while also benefiting from rental income as an investment.

Listing Contacts

SR
Tech Realty LLC
Listed by Tech Realty LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$24,000.00
$2,000.00/mo

Valuation Metrics

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DSCR
3.81%
Cap Rate
3.81%
ROI

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